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Re: Adding up the 'bailout' dollars
New Total supposedly is $12.8TRILLION:
http://www.bloomberg.com/apps/news?p...CA4&refer=homeMarch 31 (Bloomberg) -- The U.S. government and the Federal Reserve have spent, lent or guaranteed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.[my bold]
New pledges from the Fed, the Treasury Department and the Federal Deposit Insurance Corp. include $1 trillion for the Public-Private Investment Program, designed to help investors buy distressed loans and other assets from U.S. banks. The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation. The nation’s gross domestic product was $14.2 trillion in 2008.
President Barack Obama and Treasury Secretary Timothy Geithner met with the chief executives of the nation’s 12 biggest banks on March 27 at the White House to enlist their support to thaw a 20-month freeze in bank lending. -
Re: Adding up the 'bailout' dollars
a trillion here a trillion there...Comment
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Re: Adding up the 'bailout' dollars
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Re: Adding up the 'bailout' dollars
Originally posted by doom&gloom View Post
As long as the world want's dollar it works, however, I suspect the flight into the dollar and treasuries is like the nasdaq in 1999-2000. With eighter the dollar or treasuries heading for an 80 % decline.
http://finance.yahoo.com/echarts?s=BTI#chart3:symbol=bti;range=my;compare=u dn+^ixic;indicator=volume;charttype=line;crosshair =on;ohlcvalues=0;logscale=on;source=undefined
Money going into the dollar and treasuries away from the good stuff, just like in 1999-2000.Comment
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